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7 Apr 16
Russia’s economy faces a “long journey to recovery” from a recession that wiped 3.7% off its GDP in 2015 and could undo almost a decade’s worth of poverty-reduction gains, according to the World Bank...
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7 Apr 16
Somalia and Angola have both begun discussions with the International Monetary Fund for support as their economies struggle under the weight of tumbling oil prices and insecurity respectively.
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6 Apr 16
World Bank president Jim Yong Kim has called on world leaders to focus on boosting developing countries’ economies to “pull the roots” of extremism and prevent future refugee crises.
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6 Apr 16
The International Monetary Fund has welcomed Rwanda’s plans to shelve non-priority spending and dampen demand for imports as low commodity prices deal a hard blow to revenues.
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5 Apr 16
Germany may be a bright spot in the otherwise weak global recovery but challenges, in particular the effective integration of refugees, nevertheless lie ahead, according to the OECD.
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5 Apr 16
International Monetary Fund managing director Christine Lagarde has reiterated calls for a multifaceted approach to counter the weakening global economy amid warnings it is becoming stuck in a “new...
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4 Apr 16
Portugal has missed its 2015 fiscal deficit target and looks set to remain under the European Union’s excessive deficit corrective measures as a result, the International Monetary Fund has said.
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4 Apr 16
Ukraine’s economy could turn around from a 10% contraction last year to 1% growth this year if the government can make progress on reforms, the World Bank has said.
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4 Apr 16
The fall in oil prices has “decimated” Nigerian government revenues and slashed the country’s GDP growth from 6.3% in 2014 to an estimated 2.7% last year, the International Monetary Fund has said.
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1 Apr 16
Tax revenues in some African countries have risen by up to almost 7% since 2000, making a key contribution to economic development, the OECD has found.
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1 Apr 16
The African Development Bank has approved a $228m loan to upgrade 172 kilometres of road that forms part of a trade route linking Kenya, Tanzania and South Sudan.
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31 Mar 16
The International Monetary Fund has announced it will close its office in Nicaragua in August as the country’s economy has stabilised following two decades of close supervision.
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30 Mar 16
Growth across Asia and the Pacific is set to slow this year and next year as a result of a continued weak recovery globally and softer prospects for China, according to the Asian Development Bank.
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22 Mar 16
Almost half of the world’s population will suffer severe water shortages if current levels of consumption and pollution continue, the United Nations Environment Programme has warned.
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22 Mar 16
Poland’s economy has made “remarkable progress” over the last 20 years and living standards are now converging with those in other high-income countries, however, the OECD said wide-ranging tax...
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21 Mar 16
Government finances in Zambia are under “immense stress” and the economy has contracted by around 3%, prompting the International Monetary Fund to call for swift and resolute action.
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21 Mar 16
Investments to make Kenya’s forestry sector more efficient could cut greenhouse gas emissions by 27% over 2010 levels and bring economic benefits of $188m per year, the United Nations and Kenyan...
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21 Mar 16
China should prioritise reforms to open up its economy, reduce inequality and expand innovation on its “bumpy” transition to a new growth model, International Monetary Fund managing director...
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19 Mar 16
Emerging market countries must press ahead with economic reforms to ensure they can overcome current economic turbulence, the European Bank for Reconstruction and Development president has said.
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18 Mar 16
Botswana’s public finances have slipped back into deficit for first time in three years according to the International Monetary Fund.
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17 Mar 16
Bold action will be needed from policymakers across developing Asia to counteract China’s slowdown, which could knock a third of a percentage point off growth in the rest of the region for the next...
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16 Mar 16
Nigeria needs to create 40-50 million more productive and higher-income jobs by 2030 to support its booming population, poverty reduction and inclusive growth, the World Bank has found.
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15 Mar 16
Government spending in Indonesia is driving a modest pick-up in growth but a more solid recovery will depend on private sector investment, the World Bank has said.
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10 Mar 16
Stabilising public finances and tackling poverty and inequality in Greece are crucial for the debt-laden country’s emergence from crisis, the OECD has stressed.
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10 Mar 16
Zimbabwe needs to “act now” to counter economic difficulties, with fiscal belt-tightening and reengagement with the international financial community key priorities, the International Monetary Fund...